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Greece\u2019s tax authority, AADE, is preparing a series of electronic auctions of properties belonging to debtors, with starting prices ranging from just \u20ac1,000 to more than \u20ac1.2 million.<\/p>\n
The autumn auctions include plots of land, agricultural properties, apartments and buildings across several parts of Greece, including Attica, Mykonos, Crete and Halkidiki.<\/p>\n
The scheduled auction dates are September 16 and 17, followed by November 4, 11 and 18, 2026. Details of the properties and their starting prices are available through AADE\u2019s electronic auction database.<\/p>\n
Properties starting from \u20ac1,000<\/p>\n
The lowest starting prices are for small plots in the municipality of Prosotsani, where properties measuring 57, 910 and 1,357 square metres have starting prices of \u20ac1,000 each.<\/p>\n
Despite the high profile of the Greek property market, the cheapest listings are not located on Mykonos.<\/p>\n
Mykonos does, however, feature prominently in the auction listings. An agricultural plot of approximately 5,853 square metres in Kalo Livadi has been listed with starting prices of \u20ac59,000 and \u20ac553,000 in separate database entries.<\/p>\n
The records appear to describe properties with the same area and characteristics, meaning the listings should not necessarily be interpreted as two separate properties without examining the full documentation.<\/p>\n
From Athens to Halkidiki<\/p>\n
Among the other properties scheduled for auction is a 460 square metre plot in Marousi, which includes temporary structures and has a starting price of \u20ac454,000.<\/p>\n
In Chania, Crete, a 876 square metre plot in Galatas has a starting price of \u20ac595,200.<\/p>\n
Halkidiki is also represented by several large agricultural properties. One of the largest covers more than 125,000 square metres in the Nea Gonia area and has a starting price of \u20ac365,000.<\/p>\n
Additional large plots in the Komitsa and Ouranoupoli area have starting prices ranging from approximately \u20ac16,000 to \u20ac248,000.<\/p>\n
The most expensive property<\/p>\n
The highest starting price among the highlighted properties is \u20ac1.247 million for a multi-storey building in Neos Kosmos, Athens.<\/p>\n
The property is located at the intersection of 26 Lloyd George and Finlay streets and sits on a plot measuring approximately 183.6 square metres.<\/p>\n
The building includes a basement, a first floor and four additional above ground floors, with the total stated built area exceeding 710 square metres.<\/p>\n
Why are the properties being auctioned?<\/p>\n
AADE can take compulsory collection measures when taxpayers have overdue debts to the state exceeding \u20ac500.<\/p>\n
However, the seizure of a property does not automatically mean that it will ultimately be sold at auction.<\/p>\n
An auction can be suspended if the outstanding debt is settled, the debtor enters an appropriate repayment arrangement or a court decision intervenes.<\/p>\n
Starting price is not the final price<\/p>\n
Potential bidders should also be aware that the starting or reserve price listed in the AADE database is not necessarily the final amount a property will sell for.<\/p>\n
Anyone considering participating in an auction should carefully review the complete documentation and check the status of the property immediately before submitting an application.<\/p>\n
Auction dates, property descriptions and conditions can change, while individual auctions may also be suspended or cancelled.<\/p>\n